There have been more heavy falls on the Australian sharemarket this
morning in reaction to continuing concerns about China's economy.
The uncertainty has also helped take the
Australian dollar to 87.1 US cents - its lowest level in seven months.
And shares in the world's biggest wine
company, Treasury Wines, have been hammered as much as 15 percent this morning after it called off $3.4 billion takeover talks with
private equity firms.
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